IFCI research, Equity Buy/Sell (Technical View) 25 Feb 11

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Equity Buy/Sell (Technical View)

Ø  It is time for long term investors to look at serious investing :

o   Auro Pharma has cut through 185 and its next support is around 160 ; BHEL - to buy at current levels (1990) or at 1925 ;

o   Biocon ~ 275 & 250 ; Canara Bk. ~ 525 , 500 & 425 ; Dabur ~ 85 & 78 ; Escorts ~ 95 & 85 ; HDFC ~ 570 ;

o   HDFC Bk. ~ 2000 ; Hero Honda ~ 1320 ; IDBI ~ 115 & 105 ; L&T ~ 1390 ; SBI ~ 2475-2500 .

Ø  Commodities :

o   Silver has turned violent as predicted and has triggered stops on shorts. However if it stays above 48600, we could see some more momentum on the upside. Stop loss for longs should be around 48475. Try longs on reactions near 49000.

o   Gold has gathered strength and moved up well. Investors are advised to hold longs.

Have Strict Stop Loss